Founder of the Galaxy Digital Bank and world-known crypto investor Mike Novogratz has invested approximately $5 million (7,500,768 ordinary shares) in his crypto-focused fund, Galaxy Digital Holdings, Ltd., according to the official press release.
Before the investment, Novogratz beneficially owned 213,696,000 partnership units of Galaxy Digital Holdings.
Previously, in November, Galaxy Digital Bank reported about losses at least in $136 million during the whole of 2018. Back then, net realized and unrealized losses at Galaxy Digital totaled about $41 million in the Q3, 2018.
Despite the ambiguous market state, Novogratz feels quite optimistic regarding the crypto future given the fact that he invested in a VR-focused startup in December 2018 expecting the massive adoption of digital currencies in the VR industry.
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